Durable Goods Orders Fell 6.8% in July

Washington, DC, August 25, 2017-New orders for manufactured durable goods in July decreased $16.7 billion or 6.8% to $229.2 billion, the U.S. Census Bureau announced.

This decrease, down three of the last four months, followed a 6.4% June increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 7.8%. Transportation equipment, also down three of the last four months, drove the decrease, $17.4 billion or 19.0% to $74.3 billion.

Shipments of manufactured durable goods in July, up three consecutive months, increased $1.0 billion or 0.4% to $237.4 billion. This followed a virtually unchanged June increase. Transportation equipment, up two of the last three months, led the increase, $0.4 billion or 0.5% to $79.2 billion.

Unfilled orders for manufactured durable goods in July, down two of the last three months, decreased $3.8 billion or 0.3% to $1,131.8 billion. This followed a 1.3% June increase. Transportation equipment, also down two of the last three months, drove the decrease, $4.8 billion or 0.6% to $772.2 billion.